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For more technical analyses, please click TECH/C SINGAPORE, Oct 13 (Reuters) — New York December coffee may test a resistance at $2.93 per lb, a break above which may lead to a gain into the $2.9595-$2.9885 range. The market managed to hover above a key support at $2.8450, the 61.8% retracement of the uptrend from $2.6
December coffee may test resistance at $2.93 per lb; a break above could lead to $2.9595-$2.9885. It held above support at $2.8450.
New York December coffee futures (ICEUS:KC1!) may test a support level at $2.8755 per lb, with a break below this point potentially leading towards $2.8365.
New York December coffee ICEUS:KC1! may test a resistance at $2.9325 per lb, and a break above may lead to a gain to $2.9785.A projection analysis on the downtrend from $3.1735 reveals a break above the 76.4% level of $2.8755. That opened the way toward $2.9325-$2.9785 range.Support is at $2.8755…